US Customs and Border Protection stops collecting IEEPA tariffs after Supreme Court ruling. Economists at Penn-Wharton Budget Model suggest a possible refund that could reach $175 billion. 

US customs to halt tariff collection deemed illegal by SC after February 24

Smith said, “I'm a Democrat from the opposite party. I don't support the President's language. I don't support the tariffs. I understand why he did it. He's focused on trying to bring manufacturing back to the US. I don't agree that that's going to work”.

US Congressman Adam Smith says strong support for India at the US Congress, hopes for trade deal soon

According to the US Census Bureau data from January to October 2025, total bilateral trade reached at $4.7 trillion. Here is the list of top 10 bilateral trade partners of the US in 2025.

Who is the biggest trade partner of US- Top 10 trading partner of America in 2025

According to the US Department of Commerce, the country bought 245,764 medium and heavy-duty trucks in the previous year, the majority of which came from Canada and Mexico. The total value of these trucks was $20.1 billion, $4.5 billion from Canada and $15.6 billion from Mexico.

Trump announces '25% tariff on medium and heavy-duty trucks' entering US from November 1

Indian textile exporters are reeling from Washington’s decision to double tariffs on Indian goods, now reaching as high as 50 percent. Exporters call the move a shock, but also a turning point for India’s trade strategy.

Indian exporters ‘shocked’ by U.S. Tariff blow

Switzerland’s gross domestic product rose 0.1 per cent in the April-June period, down from 0.8 per cent in the first quarter, according to a flash estimate from the State Secretariat for Economic Affairs (SECO) on August 15.

Swiss economy posts Q2 growth ahead of US tariff shock

Brazilian President Lula is rallying BRICS leaders—including Modi and Xi—to coordinate a unified response to U.S. trade pressure. Facing steep tariffs of up to 50%, Brazil is rejecting direct engagement with Trump and instead intensifying ties with BRICS partners to uphold economic sovereignty and resist unilateral pressure.


Brazil's Lula seeks BRICKS unity as US Tariffs spike

The EU’s move to delay its countermeasures represents a significant concession from one of the US’s largest trading partners. Under the deal, the US agreed to reduce its tariff rate to 15 per cent on most European goods.

EU suspends tariff retaliation for six months in response to US agreement

The US is India’s largest trading partner, and the $131 billion trade relationship is now under serious threat, as India will struggle to maintain its position as a major exporter to the US without making significant adjustments.

The US tariff hit on India: What’s happening and what’s at stake?

The weak print follows months of anecdotal reports suggesting companies are delaying capital expenditures due to uncertainty over tariffs and tax policy under US President Donald Trump’s administration.

US business equipment investment stalls as policy uncertainty clouds outlook

Trump’s threat includes imposing tariffs of up to 100 per cent on Russian trade partners, a move that would significantly disrupt the global supply chain, particularly for nations that rely on Russian fossil fuels.

Trump threatens tariffs on Russian trading partners; will India and China rethink their oil imports?

Last month, driven by President Donald Trump’s aggressive trade policies, customs duties brought in a record $27.2 billion on a gross basis and $26.6 billion on a net basis after refunds, contributing to an unexpected $27 billion federal budget surplus for June.

Tariff boom pushes US customs revenue to record $113 billion, June surplus surprises

The tariff deadline has now been pushed to August 1, with the possibility of further delays, leaving countries like Japan, South Korea, and the European Union cautiously optimistic while smaller nations like South Africa face mounting pressure.

Tariff turmoil: Trump’s new deadline further deepens global trade confusion

Trump also said on Friday that the imposed tariffs can even be higher than the earlier set percentage. He said that the tariff can go as high as 70 per cent. 

Trump to send ‘take it or leave it’ tariff letters to 12 countries on THIS day. Will tariff go even higher?

This marks a significant shift in Taiwan approach, encouraged by US pressure for stricter export controls to protect its advanced semiconductor industry. 

US–China chip tensions rise as Taiwan blacklists Huawei: Details here

The economic fallout from a deeper Israel–Iran war could derail the global effort to tame inflation. The US Federal Reserve, which meets next week, was expected to hold rates steady, but may now revise its inflation outlook.

Israel–Iran war may send prices soaring, fuel global economic turmoil

The pressure is compounded by Japan looming upper house elections in July, where Prime Minister Ishiba’s political standing could be damaged if the G7 fails to yield results.

Japan pushes for trade breakthrough as Trump tariffs loom, G7 summit nears

The US has spent the past five years building a tech barrier around Chinese firms—blocking access to advanced lithography equipment, semiconductor IP, and chipmaking software. 

What’s behind the US move to limit Huawei’s AI chip production in 2025?

The IMF flags an unwinding of global trade momentum following US tariff pauses, with risks of reduced GDP growth, falling imports, and rising financial instability.

IMF warns of global trade dip as US tariff wave reverses 2025 surge

The remarks come amid mounting speculation that PM Ishiba could meet US President Donald Trump on the sidelines of the G7 summit in Quebec, set to begin Sunday

Japan braces for tough G7 talks, PM Ishiba says it won’t accept ‘quick fix’ US trade deal

With a July 9 deadline looming, Trump revives his hardline trade agenda, risking fresh global tensions as tariff threats return.

‘Take it or leave it’: Trump threatens new wave of tariffs in two weeks

Boeing rebounds with record orders, rising deliveries, and production milestones, signalling renewed confidence before the 2025 Paris Air Show.

Boeing soars ahead of Paris Air Show: 303 new orders, 737 MAX production back on track

Despite the lack of significant achievements, US President Donald Trump voiced confidence. 

US-China trade talks enter day two in London as Rare Earths dominates agenda

Chinese exports rose 4.8 per cent compared to May 2024, and the underperformance was attributed largely to weakened shipments to the US, where exports fell 34.5 per cent year-on-year, the steepest drop since the COVID-related disruptions in early 2020.

Are cracks in China’s economy widening as it walks a tightrope between external pressure and internal weakness?

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